Atlas Energy Solutions (NYSE:AESI) Reaches New 12-Month High – Should You Buy?

Atlas Energy Solutions Inc. (NYSE:AESI)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $15.12 and last traded at $15.2560, with a volume of 525692 shares. The stock had previously closed at $14.63.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AESI. Piper Sandler upped their target price on shares of Atlas Energy Solutions from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Wednesday, April 15th. Weiss Ratings lowered shares of Atlas Energy Solutions from a “hold (c-)” rating to a “sell (d)” rating in a research report on Friday, February 27th. Stifel Nicolaus set a $13.00 price objective on shares of Atlas Energy Solutions in a report on Tuesday, February 24th. Zacks Research upgraded shares of Atlas Energy Solutions from a “strong sell” rating to a “hold” rating in a research note on Monday, January 26th. Finally, Citigroup upgraded Atlas Energy Solutions from a “neutral” rating to a “buy” rating and increased their price target for the stock from $10.40 to $18.00 in a research report on Wednesday, April 15th. Three analysts have rated the stock with a Buy rating, three have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat.com, Atlas Energy Solutions has a consensus rating of “Hold” and an average target price of $13.43.

Atlas Energy Solutions Trading Up 5.2%

The company has a current ratio of 1.46, a quick ratio of 1.16 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.91 billion, a P/E ratio of -38.49 and a beta of 0.62. The business’s fifty day simple moving average is $12.17 and its 200 day simple moving average is $10.99.

Insider Buying and Selling

In related news, major shareholder Chris Scholla sold 8,912 shares of the firm’s stock in a transaction dated Friday, March 6th. The stock was sold at an average price of $11.79, for a total value of $105,072.48. Following the transaction, the insider owned 567,972 shares in the company, valued at $6,696,389.88. This trade represents a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Gregory M. Shepard sold 130,000 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $11.98, for a total value of $1,557,400.00. Following the sale, the insider directly owned 7,421,210 shares of the company’s stock, valued at $88,906,095.80. This represents a 1.72% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 238,912 shares of company stock valued at $2,837,472. 16.40% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Atlas Energy Solutions

Several large investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans grew its holdings in Atlas Energy Solutions by 1.7% during the 2nd quarter. Thrivent Financial for Lutherans now owns 53,631 shares of the company’s stock worth $717,000 after acquiring an additional 874 shares during the period. Louisiana State Employees Retirement System grew its stake in shares of Atlas Energy Solutions by 3.5% during the third quarter. Louisiana State Employees Retirement System now owns 35,300 shares of the company’s stock worth $401,000 after purchasing an additional 1,200 shares during the period. Belpointe Asset Management LLC increased its holdings in Atlas Energy Solutions by 3.5% in the third quarter. Belpointe Asset Management LLC now owns 36,262 shares of the company’s stock valued at $412,000 after purchasing an additional 1,232 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Atlas Energy Solutions by 2.1% in the third quarter. Alliancebernstein L.P. now owns 72,580 shares of the company’s stock valued at $825,000 after buying an additional 1,500 shares during the period. Finally, Comerica Bank boosted its holdings in Atlas Energy Solutions by 2.2% during the third quarter. Comerica Bank now owns 70,197 shares of the company’s stock worth $798,000 after buying an additional 1,504 shares during the last quarter. 34.59% of the stock is currently owned by institutional investors and hedge funds.

Atlas Energy Solutions Company Profile

Atlas Energy Solutions (NYSE: AESI) is an independent energy infrastructure company specializing in the development and operation of low-carbon and renewable natural gas (RNG) projects alongside complementary clean energy offerings. Through its diversified platform, the company seeks to deliver decarbonization solutions across heavy-duty transportation and industrial markets, leveraging technologies that reduce greenhouse gas emissions while providing reliable fuel and energy services.

The company’s core business activities encompass four primary segments.